The crypto market’s momentum shows no signs of fading.
Cardano (ADA) and Solana (SOL) continue to post new highs, spurred on by excitement from investors.
In this article, we’ll explore what’s driving their rallies and highlight three up-and-coming altcoins that could match (or even outshine) their gains.
ADA & SOL Surge as Altcoin Market Gains Strength
ADA is one of the best-performing altcoins right now.
Its price has shot up to $0.44 – the highest since July – with a 17% gain in the past 24 hours.
The token’s rally seems unstoppable, keeping it on a four-day winning streak.
At the same time, SOL is making gains of its own, breaking past the $200 mark for the first time since March.
A surge in spot trading volumes is causing the token’s momentum, showing that traders are interested in gaining exposure.
Both ADA and SOL are benefiting from the broader market optimism.
Most of this optimism is due to Trump winning the election, as he’s expected to bring in a crypto-friendly administration.
Investors are positioning for a Bitcoin bull run.
And if Cardano and Solana’s price action is any indication, the altcoin market could be set to follow suit.
New Meme Coin Crypto All-Stars Goes Viral Thanks to Huge Staking APYs & Presale Demand
With the altcoin market heating up, smaller projects are making the most of the growing investor interest.
One standout that’s grabbing everyone’s attention is Crypto All-Stars (STARS).
This revolutionary platform seeks to change how investors think about meme coins.
The team is addressing a big issue in the sector – a lack of staking options.
Their flagship feature, the MemeVault, lets investors stake several popular meme coins, like DOGE and PEPE, in one spot.
Investors are hyped about this since it gives these meme coins real utility.
At the time of writing, staking rewards are estimated at 496% per year – far higher than most of the competition.
Thanks to this setup, Crypto All-Stars’ presale has raised over $3.1 million in funding.
Prospective investors can buy STARS tokens in the presale for just $0.0015494 each.
And with a DEX listing on the horizon, there’s every chance this price could be set to rise.
Members of Crypto All-Stars’ Telegram channel think that will be the case.
So, for those seeking a low-cap (and high-potential) alternative to ADA and SOL, the STARS token might be worth considering.
Swell Network Benefits from Interest in ETH Staking & Layer-2 Scaling
Another project picking up steam is Swell Network (SWELL).
Swell Network is a liquid staking protocol that sits in the sweet spot between two big trends: ETH staking and Layer-2 scaling.
Swell makes it easy for ETH holders to earn staking rewards without losing liquidity by giving them swETH tokens that work on various DeFi applications.
What also makes Swell exciting is its move into restaking with its upcoming Layer-2.
This move could boost yields for users, who can earn extra rewards by securing Actively Validated Services on platforms like EigenLayer.
The timing of all this is ideal, since investors are on the hunt for innovative DeFi protocols with solid fundamentals.
Right now, the native SWELL token is trading for just $0.045.
It’s up 25% in the past day, yet it still has a market cap of only $57 million – suggesting there’s room to run if the positive momentum keeps up.
Maker Positioned for Growth as DeFi Demand Soars
Rounding off our list of promising altcoins to buy is Maker (MKR), the governance token behind the DeFi protocol MakerDAO.
Currently hovering around $1,500, MKR has climbed 17% in the past week, and technical analysis suggests this might just be the start.
However, the case for MKR isn’t just about chart patterns.
As regulatory attention on centralized stablecoins heats up, demand for decentralized options (like DAI) keeps rising.
This benefits MKR holders since the token’s value is closely linked to MakerDAO’s adoption.
The data backs this up: MakerDAO’s revenue has jumped 383% since August’s dip, demonstrating the platform’s growing value.
With institutional investors increasingly curious about DeFi, Maker looks well-placed to benefit.
Plus, with Trump soon to be in office, MKR could grab an even bigger slice of the market if rules are relaxed.
That’s excellent news for the token’s price prospects.
